NRG Energy Inc. Senior Unsecured Notes Rated 'BB' (Recovery Rating: '4')

TORONTO (S&P Global Ratings) Oct. 16, 2024--S&P Global Ratings today said it assigned its 'BB' issue-level rating and '4' recovery rating to NRG Energy Inc.'s proposed $1.5 billon senior unsecured notes due October 2033 and 2034. The company intends to use the net proceeds from this offering to repay debt outstanding at APX Group Holdings (Vivint), and for general corporate purposes. The 'BB' long-term issuer credit rating and positive outlook on NRG are unchanged. The 'BBB-' issue-level rating, with a '1' recovery rating, on the previously issued senior secured notes, and 'BB' issue-level rating, with a '4' recovery rating, on the previously issued senior unsecured notes, are also unchanged. For more information on NRG, see our research update, published Oct.

...October 16, 2024 TORONTO (S&P Global Ratings) Oct. 16, 2024--S&P Global Ratings today said it assigned its '##' issue-level rating and '4' recovery rating to NRG Energy Inc.'s proposed $1.5 billon senior unsecured notes due October 2033 and 2034. The company intends to use the net proceeds from this offering to repay debt outstanding at APX Group Holdings (Vivint), and for general corporate purposes. The '##' long-term issuer credit rating and positive outlook on NRG are unchanged. The '###-' issue-level rating, with a '1' recovery rating, on the previously issued senior secured notes, and '##' issue-level rating, with a '4' recovery rating, on the previously issued senior unsecured notes, are also unchanged. For more information on NRG, see our research update, published Oct. 15, 2024, on RatingsDirect....

Ratings Action